JP Morgan Outlook Darkens On First Solar

First Soar Inc.

shares are trading lower by $3.14 at $68.73 in Tuesday's session. The issue, which has rallied off its Q4 beat from its February 23 close ($61.79) to $71.87 at Monday's close, if giving back some of those gains. The catalyst for the decline is a downgrade at JP Morgan from Overweight to Neutral. After a slightly lower open, it managed at nickel pop to $71.41 before continuing to move lower. So far, it is attempting to stabilize in the area of its February 25 low ($68.54), making a intraday low at $68.37 and attempting to rebound. If the decline continues beyond the intaday low, the issue will enter an area of little support. On the daily, charts is no identifable resistance until its post-earnign day low from February 24 at $63.95.